Dubai, UAE, March 29, 2024 – The Binary Holdings, a leading provider of Web3 infrastructure for telecommunications, BFSI, gaming, and eWallet industries, today announced a strategic investment in TwinMatrix Technologies (TMT), a frontrunner in spatial computing, digital twin, and data interoperability platforms. This investment solidifies a powerful partnership to enhance the digital transformation of businesses across various sectors.
The Binary Holdings recognizes the immense potential of spatial computing and digital twins to reshape industries. This partnership with TMT aligns with the market’s projected growth of $92 billion within the next four years. The ability to unlock greater efficiency, reduce costs, improve product development, and elevate customer experiences is a significant game-changer for businesses seeking a competitive edge.
TwinMatrix Technologies boasts an impressive portfolio of clients, including Changi Airport Group, the National University of Singapore (NUS), and the Public Utilities Board of Singapore (PUB). Their innovative solutions have enabled seamless airport navigation for millions, transformed NUS’ building into Southeast Asia’s first net-zero energy facility, and elevated PUB’s security with integrated facial recognition, biometrics, and 4D forensics capabilities powered by AI-assisted computer vision.
“The integration of spatial computing and digital twins offers enormous benefits for the telecommunications industry. Operational improvements ranging from 10 to 15% and significant cost reductions are just the beginning,” said Manit Parikh, Founder and CEO of The Binary Holdings. “Our investment in TwinMatrix Technologies will allow us to bring cutting-edge digital twin solutions to our telecom clients while revolutionizing user activation and engagement.”
The Binary Holdings’ unique integration of Animoca Brand’s Lost Club Toys positions them to converge diverse brands with TMT’s augmented reality and spatial computing expertise. This will accelerate their Move2Earn and Gamified AR offerings for telecom providers, creating truly novel and immersive user experiences.
“We are thrilled to partner with The Binary Holdings on our mission to bridge the physical and digital worlds,” said Eric Liu, Founder and CEO of TwinMatrix Technologies. “This investment reinforces our commitment to driving innovation in spatial computing and digital twin technologies, empowering businesses and government entities across the globe.”
